FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds



Awash Bank Launches First Round of Seed Sector Grant Initiative


Awash Bank Launches First Round of Seed Sector Grant Initiative

Awash Bank has disbursed over 137 million Br under its Guarantee to Grant (G2G) Facility, supporting 12 private seed companies to expand access to agricultural finance. The initiative, implemented under the Ethiopian Seed Partnership, involves Wageningen University & Research, the Embassy of the Netherlands, the Ministry of Agriculture, and RSLNC Consultancy plc. The facility provides collateral support to help firms overcome traditional lending barriers and improve production capacity for certified, high-yield seeds aimed at smallholder farmers. Agriculture contributes 32pc of GDP, 64pc of employment, and 79pc of exports, yet it continues to receive less than 10pc of national credit, with limited financial access in rural areas. The programme is designed to reduce investment risk in the seed sector while promoting financial inclusion, productivity, and long-term food security.

[ssba-buttons]

Radar

Liquidity Relief, Reform Pressure Meet as World Bank Prepares Major Budget Support

The World Bank is set to approve a 1.45 billion dollar budget support package for the Ethiopian government on June 25, 2026. The announcement came alongside a high-level consultation at the Ethiopian Skylight Hotel, where leaders from the Ethiopian Chambers of Commerce and Sectoral Associations (ECCSA) met with private sector representatives and the National Council. The package follows an earlier 17 billion dollar credit and summer service support allocation. The institution has anchored key...


Radar

Cabinet Approves 502b Birr Budget as City Returns to Federal Subsidy

The Addis Abeba City Cabinet has approved a 502 billion Br budget for the 2026/27 fiscal year, a fiscal plan that marks a return to federal subsidies despite previous claims of municipal self-sufficiency. The budget, now awaiting final ratification by the City Council, incorporates a federal subsidy of more than 74 million Br. This policy reversal follows the 2025/26 mid-year salary revisions for civil servants, implemented to buffer the inflationary impact of the floating Birr on the cost of...


Radar

Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

WAAS International Plc has partnered with global analytics firm Kantar on June 12, 2026, to introduce predictive analytics and consumer tracking tools into the country's corporate market. The collaboration blends Kantar's global methodologies with WAAS's 35-year local data archive to support business leaders operating in a liberalising economy. WAAS Managing Director Efera Busa said the partnership connects global expertise with local context, delivering standardised metrics without losing cu...